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BBVA writes down $89.5m for Simple in three years since $117m acquisition
Image source: Simple US-based BBVA Compass has unveiled a “goodwill impairment” charge of $60 million in its latest financial results, attributed to its direct banking service subsidiary, Simple....
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Barclays to overhaul back office ops & set up standalone entity, Barclays...
Barclays in £1bn back office overhaul Barclays is embarking on a major back office operations overhaul, with the creation of a standalone company, Barclays Services, according to Reuters. Barclays...
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Ziraat Bank London to replace legacy core banking tech with Misys Fusionbanking
Ziraat Bank goes local for tech projects Turkey’s banking group, Ziraat, is to modernise core banking software at its London branch, Banking Technology understands. On the way out is the legacy...
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BankMobile to be sold this quarter; delays relaunch of mobile app
Who will buy BankMobile? BankMobile, a mobile-only bank launched by Customers Bancorp two years ago, is expected to be sold this quarter, according to Customers’ president and CEO, Jay Sidhu. However,...
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Klarna acquires BillPay
Klarna acquires BillPay Sweden-based payments provider Klarna has acquired a fellow payments company in Germany, BillPay. BillPay is based in Berlin, has 140 employees and provides payments products...
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Banks and UN launch sustainable investment framework
United Nations, together with 19 banks and investors worldwide (totalling $6.6 trillion in assets), have launched “a global framework aimed at channelling the money they manage towards clean, low...
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Mirae muscles into US market with new services; tech provided by FIS
Mirae Asset Securities muscles into US market with new services; tech provided by FIS Mirae Asset Securities, a subsidiary of Asia’s Mirae Asset Financial Group, has selected FIS as its technology...
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DTCC sells Clarient Global and Avox to Thomson Reuters
Thomson Reuters acquires Clarient Global and Avox from DTCC The Depository Trust and Clearing Corporation (DTCC) has agreed to sell its Clarient Global and Avox businesses to Thomson Reuters. Once the...
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Clearstream migrates to Target2-Securities; nearly doubles T2S settlement volume
Clearstream migrates to T2S Clearstream Banking Frankfurt and LuxCSD have migrated to the European Central Bank’s (ECB) Target2-Securities (T2S) platform. “The first business day is already in process...
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Central 1 Credit Union to revamp digital banking platform with Backbase
Backbase comes to Canada in style Central 1 Credit Union, a software and services provider to 300 financial institutions in Canada, will overhaul its MemberDirect digital banking platform with...
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New SME bank for “millennipreneurs” comes to Europe, BankUP
Are you a “millennipreneur”? BankUP is looking for you! BankUP, a new fintech venture based in Kontich, Belgium, looks to tap into the European SME banking market. BankUp plans to launch in Q4 this...
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Temenos cuts jobs in US; eyes D+H payments business
Someone’s gotta go… Banking software vendor Temenos is understood to have laid off a number of staff across its operations in the US, including at the Trinovus and Akcelerant subsidiaries. It is also...
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CIBC automates reg reporting in UK and APAC with Wolters Kluwer’s OneSumX
CIBC in regtech deal with Wolters Kluwer Canada’s banking group CIBC is implementing Wolters Kluwer’s OneSumX for regulatory reporting across its locations in the UK, Japan, Australia, Hong Kong and...
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Salem Five Bank in major tech overhaul with Fiserv
Salem Five Bank revamps tech with Fiserv Salem Five, a $4.2 billion mutual bank in Massachusetts, is embarking on a major technology overhaul with Fiserv’s core, digital banking, payments, and...
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ICSFS gains new core banking system client in Iraq, Al-Arabiya Islamic Bank
New core banking software project for ICSFS in Iraq Al-Arabiya Islamic Bank (AIB), a greenfield bank in Iraq, has opted for the Islamic version of the ICS Banks core banking system from regional vendor...
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Banque Libano-Francaise live with Validata ABC for release automation
Banque Libano-Francaise’s new HQ (a work in progress) Banque Libano-Francaise (BLF) has gone live with the Validata ABC continuous delivery platform. The Lebanese bank is a long-standing (and at times...
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The Monday mindset: 13 February 2017
It isn’t easy, but it can be easier Fintech zeitgeist! Welcome to our new series of brief reports. Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own...
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Hellenic Bank unveils innovation lab
Hello innovation Hellenic Bank has opened an innovation lab in its home city of Nicosia, Cyprus. “The objective is to accelerate the enterprise-wide digital agenda by building the real products for the...
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Temenos to acquire Australian partner Rubik for $50m
Rubik CEO Iain Dunstan approves the acquisition Australia-based banking software and services vendor Rubik Financial is to be taken over by Temenos. Temenos will acquire all of Rubik shares via a...
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Alior Bank extends partnership with Misys
Welcome to another round of marketing bingo! Misys has announced Poland-based Alior Bank has signed for FusionCapital “to fuel continued rapid growth” (everyone, get your marketing jargon bingo cards...
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